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88 Fulton Street

Updated Oct 28, 2024

Henry's Tea 88 Inc. Leases Retail Space At 88 Fulton In New York With Landlord Gold Street Properties
LEASEDRetail

Henry's Tea 88 Inc. Leases Retail Space At 88 Fulton In New York With Landlord Gold Street Properties

88 Fulton Street

$65

$65/SF

Building Size

1,200 SF

Asset Type

Retail

Closing

May 25, 2022

About this deal

AI

The retail property located at 88 Fulton in New York has been leased. The transaction took place on 05/25/2022.

Summary of transaction details

  • Property Type: Retail
  • Address: 88 Fulton, New York
  • Market: New York
  • Landlord: Gold Street Properties
  • Tenant: Henry's Tea 88 Inc.
  • Brokers: Ben Biberaj & Elliot Wygoda - Meridian Capital Group
  • Asking Rent: $65/ft.
  • Square Footage: 1,200

The leasing deal was brokered by Ben Biberaj and Elliot Wygoda from Meridian Capital Group.

The retail lease at 88 Fulton Street in New York, New York leased for $65 in 2022. The building is 1,200 square feet, implying about 65 per square foot on the published price. Elliot Wygoda, Ravi Idnani, Ariel Schuster, Ben Biberaj appear on the lease alongside Newmark, Meridian Capital Group. This page is the New York, New York file for the 88 Fulton Street retail leased: pricing, party profiles, and other closed retail comps from the same New York sit in the Market section below. Filter that New York retail set by closing date to see what else leased near 88 Fulton Street around 2022. Published consideration for 88 Fulton Street is $65, dated 2022. Cite this Henry's Tea 88 Inc. Leases Retail Space At 88 Fulton In New York With Landlord Gold Street Properties lease when underwriting similar retail product around New York, New York.

Players

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

204 deals

Broker
GP
Gold Street PropertiesLandlord

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Deal FAQ

About $65 per square foot on a published $65 for 1,200 square feet (2022).

Visit Elliot Wygoda to view all their deals.

Browse New York retail leases on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

244046.15%

Cash-on-Cash

-69749.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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